Air Transport Services Group (ATSG) Market Value Declined While Red Mountain Capital Partners Cut Stake by $8.80 Million; As Ardmore Shipping (ASC) Share Price Rose, Signia Capital Management Trimmed by $2.61 Million Its Holding

June 19, 2018 - By Darrin Black

Ardmore Shipping Corporation (NYSE:ASC) Logo

Willem Mesdag decreased its stake in Air Transport Services Group Inc (ATSG) by 23.07% based on its latest 2018Q1 regulatory filing with the SEC. Red Mountain Capital Partners Llc sold 382,451 shares as the company’s stock declined 16.06% with the market. The hedge fund run by Willem Mesdag held 1.28 million shares of the transportation company at the end of 2018Q1, valued at $29.75 million, down from 1.66M at the end of the previous reported quarter. Red Mountain Capital Partners Llc who had been investing in Air Transport Services Group Inc for a number of months, seems to be less bullish one the $1.41 billion market cap company. The stock decreased 1.73% or $0.42 during the last trading session, reaching $23.82. About 252,026 shares traded. Air Transport Services Group, Inc. (NASDAQ:ATSG) has declined 11.24% since June 19, 2017 and is downtrending. It has underperformed by 23.81% the S&P500. Some Historical ATSG News: 22/04/2018 – DJ Air Transport Services Group Inc, Inst Holders, 1Q 2018 (ATSG); 23/03/2018 – Air Transport Closes Below 200-Day Moving Average: Technicals; 07/05/2018 – ATSG Extends Strong Earnings Growth in First Quarter; 10/04/2018 – ATSG Delivers First of Two Leased 767 Freighters to Air lncheon; 21/03/2018 – AIR TRANSPORT SERVICES GROUP INC – TERMS OF AMENDED AGREEMENT WERE NOT DISCLOSED BY ATI; 29/05/2018 – Air Transport Non-Deal Roadshow Set By Seaport for Jun. 5-6; 07/05/2018 – Air Transport Services 1Q Rev $203M; 15/05/2018 – ATSG Announces Digital-Workplace-as-a-Service Powered by Tech Data’s TaaS Program; 21/03/2018 – AIR TRANSPORT SERVICES GROUP INC – AMENDED AGREEMENT EXTENDS FOR FOUR YEARS FROM DATE OF RATIFICATION; 07/05/2018 – Air Transport Services Sees 2018 Capex $300 Million

Signia Capital Management Llc decreased its stake in Ardmore Shipping Corp (ASC) by 47.84% based on its latest 2018Q1 regulatory filing with the SEC. Signia Capital Management Llc sold 373,131 shares as the company’s stock rose 6.62% while stock markets declined. The institutional investor held 406,890 shares of the marine transportation company at the end of 2018Q1, valued at $3.09M, down from 780,021 at the end of the previous reported quarter. Signia Capital Management Llc who had been investing in Ardmore Shipping Corp for a number of months, seems to be less bullish one the $251.45 million market cap company. The stock increased 4.03% or $0.3 during the last trading session, reaching $7.75. About 196,941 shares traded or 6.94% up from the average. Ardmore Shipping Corporation (NYSE:ASC) has risen 8.05% since June 19, 2017 and is uptrending. It has underperformed by 4.52% the S&P500. Some Historical ASC News: 27/03/2018 – Ardmore Shipping Presenting at Conference Apr 20; 21/05/2018 – Ardmore Roderick and Sargent & Lundy Launch Engineering Partnership; 02/05/2018 – Ardmore Shipping 1Q Loss/Shr 16c; 06/04/2018 – S&PGR Rates Irish RMBS Deal Ardmore Securities No. 1; 17/05/2018 – CENTREX METALS – SIGNED NON-BINDING MOU WITH GUJARAT STATE FERTILISERS & CHEMICALS FOR SUPPLY OF PRODUCT FROM ARDMORE PHOSPHATE ROCK PROJECT; 11/04/2018 – Ardmore Shipping Closes Above 200-Day Moving Average; 09/04/2018 – Lisa Vanderpump to Sign Bottles of Signature Rosé at Fine Wine & Good Spirits Premium Collection Store in Ardmore, Montgomery; 09/04/2018 – Lisa Vanderpump to Sign Bottles of Signature Rosé at Fine Wine & Good Spirits Premium Collection Store in Ardmore, Montgomery County; 02/05/2018 – Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2018; 29/03/2018 – Ardmore Shipping Presenting at Conference Apr 24

Since January 2, 2018, it had 0 insider purchases, and 10 insider sales for $1.58 million activity. 7,500 shares were sold by PAYNE W JOSEPH, worth $175,275. On Monday, March 12 the insider Corrado Richard Francis sold $288,764.

More news for Air Transport Services Group, Inc. (NASDAQ:ATSG) were recently published by: Businesswire.com, which released: “ATSG Delivers Leased 767 Freighter to Amerijet” on May 31, 2018. Businesswire.com‘s article titled: “ATSG Elects Laura Peterson to Board of Directors” and published on June 14, 2018 is yet another important article.

Analysts await Air Transport Services Group, Inc. (NASDAQ:ATSG) to report earnings on August, 6. They expect $0.29 EPS, up 38.10% or $0.08 from last year’s $0.21 per share. ATSG’s profit will be $17.13M for 20.53 P/E if the $0.29 EPS becomes a reality. After $0.35 actual EPS reported by Air Transport Services Group, Inc. for the previous quarter, Wall Street now forecasts -17.14% negative EPS growth.

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.17, from 1.14 in 2017Q4. It dropped, as 15 investors sold ATSG shares while 62 reduced holdings. 29 funds opened positions while 46 raised stakes. 51.01 million shares or 1.67% less from 51.88 million shares in 2017Q4 were reported. Legal General Public Limited Liability Co owns 10,596 shares. Credit Suisse Ag holds 0% or 105,354 shares. Barrow Hanley Mewhinney Strauss Ltd Company holds 0.1% of its portfolio in Air Transport Services Group, Inc. (NASDAQ:ATSG) for 2.67 million shares. Ameriprise accumulated 86,596 shares. Cubist Systematic Strategies Ltd holds 23,814 shares. Us National Bank & Trust De reported 3,175 shares stake. Nuveen Asset Ltd Liability Corp reported 1.04 million shares. Point72 Asia (Hong Kong) has 659 shares. Moab Prtn Limited Liability Com has 6.18% invested in Air Transport Services Group, Inc. (NASDAQ:ATSG) for 1.20 million shares. Ubs Asset Americas, Illinois-based fund reported 25,525 shares. Swiss National Bank & Trust invested in 0% or 24,550 shares. Rhumbline Advisers stated it has 0% of its portfolio in Air Transport Services Group, Inc. (NASDAQ:ATSG). Aldebaran Fin accumulated 47,100 shares. Glenmede Tru Commerce Na holds 114 shares or 0% of its portfolio. The Pennsylvania-based Sei Invests has invested 0.01% in Air Transport Services Group, Inc. (NASDAQ:ATSG).

Among 6 analysts covering Air Transport Services Group (NASDAQ:ATSG), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Air Transport Services Group had 21 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 3. The rating was maintained by Stifel Nicolaus on Monday, June 26 with “Hold”. Cowen & Co maintained it with “Buy” rating and $2700 target in Tuesday, August 8 report. On Wednesday, February 28 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Buy” rating given on Monday, September 11 by Cowen & Co. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 11 report. On Friday, August 26 the stock rating was initiated by Stifel Nicolaus with “Hold”. The stock of Air Transport Services Group, Inc. (NASDAQ:ATSG) has “Buy” rating given on Friday, July 7 by Cowen & Co. The firm earned “In-Line” rating on Friday, February 24 by Imperial Capital. The rating was maintained by Cowen & Co on Wednesday, February 10 with “Outperform”.

Signia Capital Management Llc, which manages about $564.37M and $98.55M US Long portfolio, upped its stake in Solar Cap Ltd (NASDAQ:SLRC) by 23,201 shares to 156,591 shares, valued at $3.18M in 2018Q1, according to the filing. It also increased its holding in Build A Bear Workshop (NYSE:BBW) by 34,269 shares in the quarter, for a total of 207,674 shares, and has risen its stake in Papa Murphys Hldgs Inc (NASDAQ:FRSH).

Another recent and important Ardmore Shipping Corporation (NYSE:ASC) news was published by Gurufocus.com which published an article titled: “Arnold Van Den Berg Picks Up 4 Stocks in 1st Quarter” on June 07, 2018.

Air Transport Services Group, Inc. (NASDAQ:ATSG) Ratings Chart

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